Golden State Wealth Management LLC Sells 129 Shares of Prologis, Inc. (NYSE:PLD)

Golden State Wealth Management LLC lessened its holdings in Prologis, Inc. (NYSE:PLD) by 13.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 813 shares of the real estate investment trust’s stock after selling 129 shares during the period. Golden State Wealth Management LLC’s holdings in Prologis were worth $91,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in Prologis during the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. bought a new stake in Prologis during the 4th quarter worth approximately $27,000. REAP Financial Group LLC raised its stake in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 84 shares during the period. Missouri Trust & Investment Co raised its stake in Prologis by 59.6% during the 1st quarter. Missouri Trust & Investment Co now owns 399 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 149 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new stake in Prologis during the 4th quarter worth approximately $50,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PLD. Barclays decreased their target price on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets cut their price objective on shares of Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Wells Fargo & Company cut their price objective on shares of Prologis from $146.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, May 19th. Truist Financial cut their price objective on shares of Prologis from $123.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 5th. Finally, Robert W. Baird cut their price objective on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $120.42.

Prologis Stock Down 0.3%

NYSE PLD opened at $108.03 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $106.82 and a two-hundred day moving average of $109.48. The firm has a market capitalization of $100.24 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.74 and a beta of 1.23. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. On average, analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Tuesday, June 17th. Prologis’s dividend payout ratio is currently 101.00%.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.